The list of qualities (an investor should have) include patience, self-reliance, common sense, a tolerance for pain, open-mindedness, detachment, persistence, humility, flexibility, a willingness to do independent research, an equal willingness to admit mistakes, and the ability to ignore general panic.

I've always been a great lover of baseball.

Although it's easy to forget sometimes, a share is not a lottery ticket... it's part-ownership of a business.

In this business if you're good, you're right six times out of ten. You're never going to be right nine times out of ten.

All you need for a lifetime of successful investing is a few big winners, and the pluses from those will overwhelm the minuses from the stocks that don't work out.

There are substantial rewards for adopting a regular routine of investing and following it no matter what, and additional rewards for buying more shares when most investors are scared into selling.

Never invest in any idea you can't illustrate with a crayon